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The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 85 15 $1,275 2-May Purchase 80
The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 85 15 $1,275 2-May Purchase 80 3-May Purchase 60 62 16 $1,280 12 $720 10-May Sale 105 $35 15-May Purchase 45 18 $810 17-May Sale 50 $35 30-May Sale 110 $35 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. End of the month totals Cost of Goods Sold $ Ending Inventory $ Gross Profit $ Question Help: Video Submit All Parts
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